Johnson Controls Inc., a $26.5 billion automotive parts manufacturer based in Milwaukee, Wisc., named R. Bruce McDonald CFO and vice president. He succeeds Stephen Roell, who was promoted to vice chairman and executive vice president. McDonald, 45, was named assistant CFO in October 2004, after joining Johnson Controls in 2001 as corporate controller. Earlier, he was vice president of finance in TRW's automotive business and worked in finance at LucasVarity.
The Procter & Gamble Co., the $51.4 billion maker of household products, promoted Valarie Sheppard to comptroller and vice president. She succeeds John Jensen, who is retiring. Sheppard, 41, most recently was manager of finance and accounting for the global household care division of Cincinnati, Ohio–based Procter & Gamble. Since joining the company in 1986 as a tax analyst, Sheppard has served in positions including group manager of financial analysis for laundry products and finance director for Northeast Asia feminine products and baby care products.
American International Group Inc., the $97.9 billion insurance and financial services company based in New York City, named David Herzog comptroller and senior vice president and Robert Gender treasurer and vice president. Steven Bensinger, who had served as both treasurer and comptroller, was promoted to CFO and executive vice president in March. Herzog, 45, most recently was CFO of AIG's worldwide life insurance operations. He joined the company as CFO and COO for its domestic life insurance companies when AIG acquired American General Corp. in 2001. Earlier, Herzog worked in finance at General American Life Insurance Co. and its parent company, GenAmerica Corp. Gender, 47, most recently was AIG's assistant treasurer after joining the company in 1998 as director of financial analysis. Earlier, he worked in the treasury division of the Equitable Life Assurance Society.
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Cardinal Health Inc., a $65 billion distributor of pharmaceuticals and other medical supplies based in Dublin, Ohio, hired Eric Slusser as its chief accounting officer, controller and senior vice president of finance. As controller, Slusser replaces Gary Jensen, who resigned in February amid an investigation of the company's accounting. Chief accounting officer is a new position for the company. Slusser, 45, most recently was corporate controller and senior vice president at MCI Inc. Earlier, he served as controller at AES Corp. and Sprint PCS Group.
Caremark Rx Inc., a $25.8 billion drug benefits management company based in Nashville, Tenn., appointed Peter Clemens CFO and executive vice president. He succeeds Howard McLure, who was named senior executive vice president and COO. Clemens, 40, joined the company in 1995 and most recently was Caremark's treasurer and senior vice president of finance.
G. Mitchell Elmer was named chief accounting officer of SYSCO Corp., a $29.3 billion foodservice distributor based in Houston, Texas. He replaces John Stubblefield, SYSCO's executive vice president of finance and administration, who had been serving as acting chief accounting officer. Elmer, 46, will retain his current position as the company's controller and vice president. He joined SYSCO in 1989 as a staff auditor.
Delphi Corp., a $28.6 billion auto parts manufacturer based in Troy, Mich., appointed John Arle treasurer and vice president. He succeeds Pam Geller, who resigned, one of four employees to leave Delphi amid an investigation of accounting irregularities. Arle, 57, most recently was vice president of corporate audit services after joining Delphi as vice president in 1998. Earlier, he worked in finance positions at General Motors Corp., including director of finance for the Venezuela operation and CFO of the Hughes electronics division.
SUPERVALU Inc., a $19.5 billion food wholesaler based in Eden Prairie, Minn., promoted Jim Stoffel to treasurer and vice president of financial planning. He replaces Sherry Smith, who remains the company's senior vice president of finance. Stoffel, 39, joined SUPERVALU as corporate vice president of financial planning in 2002. Earlier, he worked in finance, treasury and operations at Best Buy Co., Nordstrom Inc. and Saks Inc.
FirstEnergy Corp., a $12.4 billion utility based in Akron, Ohio, named James Pearson treasurer. He succeeds Thomas Navin, who was promoted to vice president of the business performance and management group. Pearson, 50, most recently was group controller of FirstEnergy's strategic planning and operations finance group. In 1976, he joined the accounting department of the Pennsylvania Power Co., a subsidiary of the Ohio Edison Co., which is a unit of First Energy. His positions since then have included director of financial reporting at Ohio Edison and group controller at FirstEnergy Solutions.
Zurich Financial Services, a property and casualty insurer based in Switzerland, named John Treacy senior vice president, corporate controller and regional group controller of its $15.7 billion North America operations. Treacy replaces David Levinson, who was named senior vice president of finance. Treacy, 42, joined Zurich from The St. Paul Travelers Cos., where he was corporate controller and senior vice president. During his 16 years at St. Paul Travelers, he served as corporate controller, financial reporting officer, director of reinsurance and manager of investment operations.
Masco Corp., a $12 billion manufacturer of home improvement and building products based in Taylor, Mich., named John Sznewajs treasurer and vice president of corporate development. He replaces Robert Rosowski, Masco's treasurer, who is retiring. Sznewajs, 37, most recently was vice president of business development. Before joining Masco in 1996, he worked at Amrigon Inc., where he was responsible for market research and database marketing activities.
Southern California Edison Co. (SCE), an $8.4 billion electric utility based in Rosemead, Calif. and a unit of Edison International, appointed Thomas Noonan CFO and senior vice president. He replaces Jim Scilacci, who was named CFO of Edison Mission Energy, another Edison International subsidiary. Noonan, 53, most recently was controller and vice president for both SCE and Edison International. He joined the company about 30 years ago as a regulatory cost specialist and later served in the treasurer's and controller's departments. Linda Sullivan, currently assistant controller for SCE and Edison International, will replace Noonan as controller and vice president of both companies. Sullivan, 41, joined the company in 1991.
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